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Which of the Following Members of the Bank of Canada

question 44

Multiple Choice

Which of the following members of the Bank of Canada make decisions about open-market operations?  


Definitions:

Laissez-faire

Laissez-faire is an economic philosophy advocating minimal government intervention in the business affairs of private individuals and enterprises.

Command Economies

Economic systems where the government or central authority controls all major aspects of production and distribution of goods and services.

North Korea

An East Asian country officially known as the Democratic People's Republic of Korea, noted for its centralized economy and autocratic government.

Specialization

The use of the resources of an individual, a firm, a region, or a nation to concentrate production on one or a small number of goods and services.

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